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Hi @xsym,
I can walk you through in creating a journal entry for the reverse VAT charged. However, I suggest consulting with an accountant on what account you're going to use in the Debit and Credit column. You can check this link to look for an accountant: https://quickbooks.intuit.com/find-an-accountant/.
Here's how to create a journal entry:
With these steps, you're able to create a reverse VAT charged. Just make sure to select the correct account. I'm attaching this handy article about VAT feature update FAQ that I'm sure you'll find helpful. It has information on the recently added feature to make VAT filing easier.
Stay in touch if you have other questions or concerns. We're always here to assist you every step of the way. Thanks for joining us today and have a lovely weekend ahead.
2024 is approaching. Are you going to include this fundamental function in the international version or not. You are misleading customers to buy your product by advertising that we can manage taxes whilst we cannot.
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